Debt (Tables)

6 Months Ended

Jun. 30, 2011

Debt [Abstract]

Schedule of Short-term Debt

	As of		As of
	June 30,		December 31,
	2011		2010
	(In $ millions)
Short-term borrowings and current installments of long-term debt — third party and affiliates
Current installments of long-term debt		58		74
Short-term borrowings, including amounts due to affiliates, weighted average interest rate of 4.4%		97		154
Total		155		228

Schedule of Long-term Debt

As of	As of
June 30,	December 31,
2011	2010
(In $ millions)

Long-term debt
Senior credit facilities
Term B loan facility due 2014	-		508
Term C loan facility due 2016	1,424		1,409
Senior unsecured notes due 2018, interest rate of 6.625%	600		600
Senior unsecured notes due 2021, interest rate of 5.875%	400		-
Pollution control and industrial revenue bonds, interest rates ranging from 5.7% to 6.7%, due at various dates through 2030	181		181
Obligations under capital leases due at various dates through 2054	232		245
Other bank obligations, interest rates ranging from 1.5% to 6.3%, due at various dates through 2017	114		121
Subtotal	2,951		3,064
Current installments of long-term debt	(58	)	(74	)
Total	2,893		2,990

Schedule of Prepayment on Outstanding Borrowings under Senior Credit Facilities

A summary of the prepayment on the outstanding borrowings under the Senior Credit Facilities is as follows:

	US dollar-			Euro dollar-
	denominated term			denominated term
	loan			loan			Maturity Date
	(In millions)
Balance as of December 31, 2010	$	1,553		€	272
Term B loan facility principal paydown on May 6, 2011		(414	)		(69	)
1% annual amortization payment of principal pro-rated on January 4, 2011 and April 4, 2011		(8	)		(1	)
Balance as of June 30, 2011 (Term C loan facility)	$	1,131		€	202		October 31, 2016

Schedule of Estimated Net Leverage Ratio and Estimated Margin

Borrowings under the Amended Credit Agreement bear interest at a variable interest rate based on LIBOR (for US dollars) or EURIBOR (for Euros), or, for US dollar-denominated loans under certain circumstances, a base rate, in each case plus a margin. The margin may increase or decrease 0.25% based on the following:

								Estimated Total
	Estimated			Estimated Margin				Net Leverage
	Margin as of			Decreases .25%		Increases .25%		Ratio as of
	June 30, 2011			If the Estimated Total		Net Leverage is:		June 30, 2011
Credit-linked revolving facility		1.50	%	not applicable			> 2.25:1.00		1.66
Term C		2.75	%		< = 1.75:1.00		> 2.25:1.00		1.66

Schedule of First Lien Senior Secured Leverage Ratios and Borrowing Capacity

The Company's first lien senior secured leverage ratios and the borrowing capacity under the revolving credit facility are as follows:

	As of June 30, 2011
					Estimate, if Fully		Borrowing
	Maximum		Estimate		Drawn		Capacity
							(In $ millions)
First lien senior secured leverage ratio		3.90 to 1.00		1.15 to 1.00		1.62 to 1.00		600

Schedule of Balances Available for Borrowing Under the Revolving Credit Facility and the Credit-linked Revolving Facility

The balances available for borrowing under the revolving credit facility and the credit-linked revolving facility are as follows:

	As of
	June 30,
	2011
	(In $ millions)
Revolving credit facility
Borrowings outstanding		-
Letters of credit issued		-
Available for borrowing		600
Credit-linked revolving facility
Letters of credit issued		81
Available for borrowing		147